Fully Equipped Restaurant
3700 SW 9th St #102 Vero Beach, FL 32968
For Sale
$3,000,000
Newer concrete block restaurant building with an open dining layout, commercial kitchen, and multiple bar areas.
Property Size6,900 SF
Price / SF$434.78
Days on Market87
Property Features for 3700 SW 9th St #102
General Information
- Standard status
- Active
- Size
- 6,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing Agency:
Alex MacWilliam, Inc. Real Estate
(772) 538-3453
Listed By:
Karl C Dietrich · License #0417167
(772) 538-3453
Source:
Elliman
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alex MacWilliam, Inc. Real Estate
Investment Insights
Based on property information with market context.
Newer concrete block restaurant building featuring a large wrap-around porch and a spacious open dining area with multiple bar areas and 12-ft ceilings. The property is set up for operational efficiency with six roll-up doors (four 14' x 10' and two 12' x 10') providing direct access to the building. The interior includes a commercial kitchen with an office, along with a 2,500-gallon shared grease trap. Additional improvements include impact glass, a metal roof, an alarm and camera system, and setup for a large generator.
The property is positioned for a car-dependent environment with ample parking described as available 24-7. Public remarks also note the area has high residential growth and that future I-95 access is planned.
Overall, the building is described as fully equipped and configured to support a high-capacity foodservice operation, with both front-of-house dining space and a dedicated commercial kitchen portion.
The property is positioned for a car-dependent environment with ample parking described as available 24-7. Public remarks also note the area has high residential growth and that future I-95 access is planned.
Overall, the building is described as fully equipped and configured to support a high-capacity foodservice operation, with both front-of-house dining space and a dedicated commercial kitchen portion.
Key Highlights
- Newer 2023 restaurant building with newer concrete block construction and large wrap‑around porch
- 6,900 SF total: 4,800 SF dining area plus 2,100 SF commercial kitchen with office
- Multiple bar areas and an open dining layout with 12‑ft ceilings
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.2k | $22.20 |
| − Vacancy | −$11.9k | −$1.73 |
| EGI | $141.2k | $20.47 |
| − OpEx | −$35.3k | −$5.12 |
| NOI | $105.9k | $15.35 |
6,900 SF · lease $22.20/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.77M
NOI $105,924 @ 7.0% cap · market cap 3.53%
Second Best
Industrial
$588.7K
$515.1K – $686.8K
NOI $41,210 @ 7.0% cap · market cap 1.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Savores Grill House
Restaurant
CW Willis Landscaping ...
Landscaping
FAQs
What type of property is this?
Conventional restaurant - Newer concrete block restaurant building with an open dining layout, commercial kitchen, and multiple bar areas.
Where is this conventional restaurant located?
The property is located at 3700 SW 9th St #102 Vero Beach, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Newer 2023 restaurant building with newer concrete block construction and large wrap‑around porch; 6,900 SF total: 4,800 SF dining area plus 2,100 SF commercial kitchen with office; Multiple bar areas and an open dining layout with 12‑ft ceilings
